IOB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Overseas Bank's Assets and Liabilities Management Committee has decided to reduce the Base Rate by 10 basis points (bps) effective from 15th May 2026. The new effective base rate will be 9.70% until further review. This is a regulatory intimation under SEBI (LODR) Regulations 2015, disclosed to both BSE and NSE. The filing was signed by Raghuram Mallela, Deputy General Manager and Company Secretary on 14th May 2026.
The 10 bps reduction in base rate signals lower benchmark lending rates for new loans, which could intensify competition among banks and potentially pressure net interest margins. For shareholders, this may indicate competitive pressure or a strategic move to boost loan demand in a lower interest rate environment.